Gold Price: After the fall in the price of gold in the bullion market, the price of 22 carat gold has reached Rs 46,420 per ten grams on Tuesday. Apart from this, the price of 24 carat gold also saw a fall on Tuesday.
New Delhi: Despite the continuous fluctuations in the price of gold for a long time, the demand for gold in the market has increased very fast. There has been some fall in the price of gold in the bullion market on Tuesday. Despite this, gold is selling much cheaper than its record high rate, so you can give gold jewelery as a gift to your loved ones this festive season. Let us know what is the new price of gold today in the bullion market:
Know what was the price of gold in the market today
After the fall in the price of gold in the bullion market, the price of 22 carat gold has reached Rs 46,420 per ten grams on Tuesday. According to the Goodreturns website, before the market opened, there was a fall of Rs 40 per ten grams in the price of gold. Earlier on Monday, an increase of Rs 10 per ten grams was seen in the price of 22 carat gold.
Apart from this, the price of 24 carat gold also saw a fall on Tuesday. Before the market opened on Tuesday, the price of 24 carat gold was Rs 50,640 per ten grams. After this, there was an increase in the price of gold by Rs 10 per ten grams, after which it is now selling at Rs 50,680 per ten grams.
Gold became so much cheaper than the record rate
In the month of August 2020, the price of gold had reached its all-time high rate. In August, 2020, the price of gold had reached Rs 55,400 per ten grams. Today, the price of 22 carat gold in the market is Rs 46,420 per ten grams. If you compare today’s price with its all-time high rate, then you will see that gold has broken up to Rs 8,980 per ten grams.
Gold rate on MCX
Gold prices on Tuesday fell by Rs 18 to Rs 50,455 per 10 grams in the futures market as speculators reduced positions amid weak spot demand. On the Multi Commodity Exchange, gold for delivery in December fell by Rs 18, or 0.04 per cent, to Rs 50,455 per 10 grams.
It had a business of 14,159 lots. Market analysts said offloading of positions by participants led to the fall in gold futures. Globally, gold was trading 0.33 per cent lower at USD 1,658.50 an ounce in New York.
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